provident fund loan process.
Compared with commercial loans, the interest rate of housing provident fund loans is lower, which can effectively save the purchase expenses. However, relatively speaking, the process of housing provident fund loans is more complicated, which requires not only the approval of banks, but also the approval of local provident fund management centers. The complicated process makes many friends confused, and it is easy to miss information in the application process. Today, I will introduce you to the detailed process of buying a house with provident fund loans, hoping to help you.
when applying for provident fund loans, you need to prepare your own or your spouse's provident fund payment certificate, ID card and marriage certificate, salary flow, house purchase contract or agreement and other valid certificates in advance. If the local provident fund management center needs a guarantor, you need to prepare a tripartite contract signed with the guarantor and other materials required by the provident fund center.
after the materials are fully prepared, we can submit an application to the bank, and the bank will report everyone's information to the local provident fund center for review. Generally, in the process of preliminary examination, the borrower's qualification, loan amount and loan term are mainly reviewed, and a Notice of Collateral Review and Evaluation will be issued after passing. Subsequently, the borrower will take the notice to the designated appraisal institution to appraise the house, and make the final judgment according to the appraisal result.
after the final results come out, the provident fund center will inform the bank of the corresponding audit results, and the borrower needs to sign the corresponding loan contract with the bank at that time. The contract needs to be sent to the local provident fund center for review, and then the corresponding loan amount will be transferred to the account specified in the contract.
why are many friends rejected when they apply for provident fund loans again? Tell you, mainly in the process of qualification examination, once the borrower's credit qualification or repayment ability is found to be insufficient, it is very easy for the loan to be rejected. Therefore, before you apply for provident fund loans, you must ensure that the credit information is spotless and the current debt ratio does not exceed 5%. If you usually have friends who use small loans, it is best to settle them one month before the loan, otherwise it will have a bad influence on the loan application, resulting in the loan being rejected.
The above is the relevant content about the detailed explanation of the process of purchasing a house with provident fund loans. I tell you that although the process of provident fund loans is more complicated than that of commercial loans, as long as the materials are well prepared and the personal qualifications meet the requirements, it is relatively smooth to apply for provident fund loans smoothly.